Three directors re-elected to Massey board

SAN FRANCISCO (MarketWatch) -- Massey Energy Co.
MEE, -0.99%
said Tuesday that Directors Richard Gabrys, Dan Moore and Baxter Phillips Jr. were re-elected to the board at its annual shareholder meeting. However, CtW Investment Group noted that the directors were re-elected by a "razor thin" margin with shareholders casting 49.8% of their shares against Moore, 49.6% against Phillips, and 48.5% against Gabrys. Separately, North Carolina's State Treasurer Janet Cowell also criticized the company's leadership. "Based on the close results, it is clear that a near majority of shareholders have no confidence in these directors. We will continue our fight to secure leadership at Massey Energy Company that will look out for the interest of their shareholders and the safety of their own workers," Cowell said in a statement.

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